Trump Tax Plan 2.0 Cements the Worst Economic Policy in a Generation

NPP Pressroom

Hot on the heels of last year’s once-in-a-generation tax changes, House Republicans are pushing a new, extended plan to double down on their previous efforts, which primarily awarded tax giveaways to corporations and the wealthy.

The focus this time is on making permanent some individual tax provisions that were left temporary in the 2017 law. Like their predecessors from tax plan 1.0, these provisions disproportionately reward the richest 1 percent of Americans, and add hundreds of billions of dollars to the deficit while emptying public coffers.

In a time of ever-worsening economic inequality, tax plan 2.0 reads as a resounding failure to bring about real solutions and doubles down on some of the worst policy decisions in a generation.